Lewis Asset Management LLC Makes New Investment in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Lewis Asset Management LLC purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,000 shares of the investment management company’s stock, valued at approximately $51,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Precision Wealth Strategies LLC bought a new position in shares of Oxford Lane Capital during the 3rd quarter valued at $52,000. Marks Wealth LLC acquired a new stake in shares of Oxford Lane Capital in the third quarter worth about $53,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of Oxford Lane Capital during the 3rd quarter worth about $53,000. National Wealth Management Group LLC bought a new stake in shares of Oxford Lane Capital during the 3rd quarter worth about $54,000. Finally, McIlrath & Eck LLC acquired a new position in shares of Oxford Lane Capital during the 3rd quarter valued at about $55,000. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Stock Down 0.4 %

NASDAQ:OXLC opened at $5.07 on Thursday. The company’s 50 day moving average is $5.15 and its 200-day moving average is $5.27. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 3.62 and a beta of 1.15. Oxford Lane Capital Corp. has a 12 month low of $4.95 and a 12 month high of $5.78.

Oxford Lane Capital (NASDAQ:OXLC) last released its earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 21.30%. The ex-dividend date is Monday, June 16th. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 74.29%.

Oxford Lane Capital Profile

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.